Non-Profits & Municipalities
ESL helps non-profits and municipalities reduce their carbon footprint with innovative financing options and can facilitate grants and utility rebates to lower the initial upfront costs.
For many non-profits and municipalities, the biggest barrier to going solar and reducing its carbon footprint is the upfront cost of the equipment. We can offer a leasing program that can represent a 70% to 80% reduction in upfront costs as compared to a cash purchase scenario. We recognize the financial constraints many organizations are under, which is why in Duke Energy Territory, we can offer a leasing program that can represent a 20-30% reduction in the cost of a system as compared to an initial purchase scenario. In fact, Eagle Solar was the first solar contractor to be legally licensed by the utilities to lease solar systems in North Carolina (reference). The lease option, when coupled with the NC Solar Rebate, can allow a tax-exempt organization the ability to go solar without a capital campaign.
Communities of faith, schools and other tax-exempt organizations currently make up a large percentage of projects for ESL in North Carolina.
The Duke Energy Solar Rebate
For Duke Energy Progress and Duke Energy Carolinas customers, there is a one-time rebate for each utility meter to be connected with solar. This program officially ends in 2022, and customers can reserve the rebate any time in 2022, but there is one last lottery period in January 2023.
The Duke Energy Nonprofit Solar Rebate
Duke Energy offers a rebate up to $75,000 for solar installations based on the installation size. It is the most generous of the Duke Energy solar rebates and can be utilized any time in 2022. The Rebate expires at the end of 2022, so nonprofits must reserve their rebate amount by the end of the year. We will assist customers with the Duke Energy Interconnection and Rebate applications.